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Tencent Music To Make Strategic Investment In Douban FM

DNV Music Group's music streaming product Douban FM recently announced that they received strategic investments from Tencent Music Entertainment Group and Trustbridge Partners.

Douban FM said that after the financing, the company will implement copyright and production cooperation with Tencent Music to realize brand upgrade. With the launch of its 6.0 version, Douban FM hopes to return to the first class of China's music streaming market.

Neither Douban FM nor Tencent Music disclosed the transaction value. However, an insider revealed that Tencent Music did not pay any cash in this deal; instead, it exchanged its massive genuine music library for equity and became the second largest institutional shareholder of Douban FM. Meanwhile, DNV Music Group still controls Douban FM.

In addition, Li Quan, president of DNV Music Group, recently revealed during an interview that Douban FM nearly gained the entire music library of Tencent Music.

According to Tencent Music's prospectus submitted in October 2018, the company has over 200 copyright cooperation partners in China and abroad, including Sony Music Entertainment, Universal Music Group, Warner Music, Emperor Entertainment, and China Record Corporation. Its music library contains more than 2,000 songs and it has three major music platforms – QQ Music, Kugou and Kuwo.

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Mobile Crash Reporting Software Market: Global Industry Analysis, Opportunity and Forecast 2020 to 2027 by Types (Cloud Based, Web Based, ) by Applications (Large Enterprises, SMEs, Market segmentation, by regions:, North America, Europe, Asia Pacific, Middle East & Africa, Latin America, The report can answer the following questions: , 1. What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Mobile Crash Reporting Software? , 2. Who are the global key manufacturers of Mobile Crash Reporting Software industry? How are their operating situation (capacity, production, price, cost, gross and revenue)? , 3. What are the types and applications of Mobile Crash Reporting Software? What is the market share of each type and application? , 4. What are the upstream raw materials and manufacturing equipment of Mobile Crash Reporting Software? What is the manufacturing process of Mobile Crash Reporting Software? , 5. Economic impact on Mobile Crash Reporting Software industry and development trend of Mobile Crash Reporting Software industry. , 6. What will the Mobile Crash Reporting Software market size and the growth rate be in 2024? , 7. What are the key factors driving the global Mobile Crash Reporting Software industry? , 8. What are the key market trends impacting the growth of the Mobile Crash Reporting Software market? , 9. What are the Mobile Crash Reporting Software market challenges to market growth? , 10. What are the Mobile Crash Reporting Software market opportunities and threats faced by the vendors in the global Mobile Crash Reporting Software market? , Objective of Studies: , 1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Mobile Crash Reporting Software market. , 2. To provide insights about factors affecting the market growth. To analyze the Mobile Crash Reporting Software market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc. , 3. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World. , 4. To provide country level analysis of the market with respect to the current market size and future prospective. , 5. To provide country level analysis of the market for segment by application, product type and sub-segments. , 6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. , 7. To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Mobile Crash Reporting Software market.)

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